- 11 Feb 2014 8:00 AM
Economists at Capital Economics, a major London-based global financial consultancy, said on Monday that their GDP tracker model points towards growth of around an annual 2.5% in the final quarter of last year, up from 1.8% in the third quarter.
It looks like the economy has benefitted both from a recovery in the export-led industrial sector as well as strengthening domestic demand, they added.
London-based emerging markets economists at JP Morgan, a global financial services group, said that seasonally adjusted GDP growth momentum “likely eased significantly” in the last quarter of 2013 to 0.2 percent quarter-on-quarter from the 0.9 percent print in the third quarter.
However, in over-year-ago terms growth probably continued to accelerate to 2.3 percent from 1.8 percent on base effects, they added.
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